Huobi DM Expands Cryptocurrency Contract Service To Include EOS

SINGAPORE, Dec. 28, 2018 /PRNewswire/ -- As part of its continuing efforts to ensure that it remains the best cryptocurrency contract trading platform of its kind, Huobi DM has expanded its contract trading services to include EOS.

"We've seen a great response to our Bitcoin and Ethereum contract services from a broad range of sophisticated traders," said Huobi Global CEO Livio Weng. "Along with that, we're also seen strong demand to expand Huobi DM to other coin types as well. Adding EOS contract service is part of our ongoing efforts to address customer demand."

EOS Contract is Available on Huobi DM Now

To mark the occasion, Huobi will be giving away 8,888 EOS to qualified traders.

Weng added that users should expect to see Huobi DM expand service to additional digital assets over the course of 2019.

Inclusion on Huobi DM will allow traders to take both long and short positions on EOS, allowing for arbitrage, speculation, and hedging. Since launching in 2017, EOS's price has fluctuated between $18 and less than $0.80. "Huobi DM can be a powerful tool in managing risk in EOS and other cryptocurrencies," Weng said. "That's an important factor when dealing with bear markets, such as the one we find ourselves in now."

In addition to EOS, Huobi DM currently offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC) and Ethereum (ETH).

Huobi DM sets itself apart via:

Competitive fee structure for EOS: 0.02% for makers & 0.03% for takers to open positions and 0.02% for makers & 0.03% for takers to close positions.

Superior risk management: including Price Limit, Order Limit, and Position Limit.

Consisting of ten upstream and downstream enterprises, Huobi Group is the world's leading blockchain company. Established in 2013, Huobi Group's accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.